Mr. Waller is a founding partner of M3 Funds, LLC and M3F Inc. He has over 20 years experience analyzing and investing in the bank and thrift sector.

Prior to founding M3, Mr. Waller was employed by Hovde Capital Advisors LLC in Washington, DC, where he spent over six years working with the firmís series of financial services sector investment funds. At Hovde, Mr. Waller participated in several facets of the organization, including portfolio management, investment analysis, risk management, trading, recruiting, training, and management of employees.

Mr. Waller received his Bachelor of Science in Accounting from the University of Utah.

The information contained on this website is not intended
to be, and should not be, construed as an offer or
a solicitation of an offer of securities of any of
the funds managed by M3F Inc. or M3 Funds, LLC. Any such
offer or solicitation will be made only after a qualified
investor has received the Confidential Private Offering
Memorandum relating to the particular fund. Access
to information about the funds is limited to investors
who are qualified
purchasers within the meaning of the Investment Company Act of 1940, as amended.

Access to the secure portion of this website is
restricted to accredited investors and qualified
purchasers.

M3 is currently closed to new investors.

M3 (n): The broadest measure of the U.S.
money supply consisting of M2 plus (1) balances in institutional
money market mutual funds; (2) large-denomination time
deposits (time deposits in amounts of $100,000 or more);
(3) repurchase agreement (RP) liabilities of depository
institutions, in denominations of $100,000 or more, on
U.S. government and federal agency securities; and (4)
Eurodollars held by U.S. addressees at foreign branches
of U.S. banks worldwide and at all banking offices in
the United Kingdom and Canada.